Aksh Optifibre has reported a quarter of declining results - its total income for the quarter ended September 30th 2010 declined 6.1% sequentially to Rs. 2.31 crore, from Rs. 2.46 crore reported last quarter; note that of this, only Rs. 1.17 crore is classified as Income from operations, which is down sequentially from Rs. 1.33 crore. In this context, Aksh's annual report reveals (pdf) that its Managing Director Kailash Choudhari received Rs. 1.24 crore in renumeration during FY10, a year in which the company reported Income from operations of just Rs. 8.3 crore. FY10, so far, has reported a lower revenue run-rate for Aksh. It's loss for the quarter has reduced to Rs. 3.93 crore, from Rs. 6.8 crore, even though its operating loss has increased. Aksh is an IPTV (iControl) and VoIP (Pigeon) franchisee for government owned telecom operators BSNL (20 cities in North India) and MTNL (Delhi and Mumbai), and has to provide services to customers in collaboration with these telecom operators. The company has begun fibre to the home FTTH trials in in Jaipir. They've faced issues in the past, in working with MTNL. With IPTV taking a back-seat to DTH in India, the company appears to be eying Dubai: during the quarter, it incorporated AOL FZE, a wholly owned subsidiary in Dubai. Last quarter, Aksh Managing Director, Dr. Kailash Choudhari, resigned to move to its International business, following which the company's board gave the go-ahead for raising up to $333 million in funding. In a SWAT analysis in…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...